Rieter Holding AG (0QKA) Q4 2025 Earnings Call

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WEBVTT 00:00:00.858 -- 00:00:06.025 Good morning, ladies and gentlemen. A warm welcome from my side. 00:00:06.025 -- 00:00:11.153 Thank you for joining us today to review Reuters' full year 2025 00:00:11.153 -- 00:00:16.280 performance and discuss the strategic path ahead. 00:00:16.280 -- 00:00:22.289 Together with our CFO, Oliver Streuli, I will outline the key results of 2025, 00:00:22.289 -- 00:00:25.974 the progress of our transformation, 00:00:25.974 -- 00:00:29.199 our expectations for 2026 00:00:29.199 -- 00:00:31.081 and beyond. 00:00:31.081 -- 00:00:36.128 Before I begin the presentation, let me draw your attention to 00:00:36.128 -- 00:00:41.315 the picture on the cover page. That reflects the new Reiter consisting 00:00:41.315 -- 00:00:46.883 not only of natural fibers, but also of man-made fibers. 00:00:46.883 -- 00:00:51.810 So let's move to the agenda on slide number two. 00:00:51.810 -- 00:00:56.637 We will briefly look at the key messages and review the market. 00:00:56.637 -- 00:01:01.642 I will then hand over to Oliver for a deep dive into the financials. 00:01:01.642 -- 00:01:03.084 Afterwards, 00:01:03.084 -- 00:01:08.751 we will take a more extensive look at the successful acquisition of Barmark, 00:01:08.751 -- 00:01:14.897 the medium-term financial guidance and the outlook for 2026. 00:01:15.200 -- 00:01:19.325 And now to the key messages on slide number four. 00:01:19.325 -- 00:01:22.904 Let me first start with the green boxes. 00:01:22.904 -- 00:01:28.070 2025 was a year marked by cyclical weakness 00:01:28.070 -- 00:01:34.217 in the global spinning machinery market, influenced by geopolitical tensions, 00:01:34.217 -- 00:01:40.685 lower yarn margins and high volatility in investment sentiments. 00:01:40.685 -- 00:01:46.732 Against this backd...